{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-price-showing-more-dumps-ahead\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-price-showing-more-dumps-ahead\/","headline":"USDJPY Price Showing More Dumps Ahead","name":"USDJPY Price Showing More Dumps Ahead","description":"USDJPY price may drop further to break down the $138.05 support levelThe bullish trend is fading off gradually, a breakdown is imminent.USDJPY Weekly Price Analysis \u2013 September 8Today, the USDJPY pair is about to resume its down-south movement after completing the uphill rally. The pair just sent a signal showing more dumps ahead that sellers […]","datePublished":"2023-09-08","dateModified":"2023-09-08","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/09\/USDJPY-LNT-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/09\/USDJPY-LNT-1.png","height":589,"width":1281},"url":"https:\/\/forexschoolonline.com\/usdjpy-price-showing-more-dumps-ahead\/","about":["Forex","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Technical Analysis","Trade Idea","USD\/JPY"],"wordCount":544,"keywords":["FX Technical Analysis","US Dollar Japanese Yen","USDJPY"],"articleBody":"USDJPY price may drop further to break down the $138.05 support levelThe bullish trend is fading off gradually, a breakdown is imminent.USDJPY Weekly Price Analysis \u2013 September 8Today, the USDJPY pair is about to resume its down-south movement after completing the uphill rally. The pair just sent a signal showing more dumps ahead that sellers will take over soon. Amid the buying pressure, the Yen gave a sharp drop to a $147.35 low level indicating more dumps ahead. Meanwhile, the price will most likely continue its bearish run and the price could still drop down if it\u2019s able to break down the $138.05 barrier. Then we can expect the downward momentum to hit the $125.00 lower support level and a potential sell signal.USDJPY MarketKey Levels:Resistance levels: $130.00, $140.00, $150.00Support levels: $128.00, $126.00, $125.00USDJPY Long-term Trend: Bullish (Daily Chart)On the daily chart, the USDJPY pair is trading above the moving averages, which means that it\u2019s in a bullish trend zone. Thus, more dumps are likely as the market is overbought already.The sustained bullish pressure at the $147.87 level in the past few days has actually made it possible for the buy investors to retain the upward strength in its recent high.The price drop to a $147.35 low value above the two EMAs as the daily chart resumes today suggests the return of the sell traders to begin the downward thesis. Thus, an increase in the selling pressure and a possible breakdown from the mentioned support level below the $138.05 previous support will prolong the downward moves and provide a high selling power for the short-term traders.Additionally, the USDJPY market is pointing down in the overbought region, this indicates that the buying pressure is unlikely, we can now expect more dumps from the sell traders and this may reach the $125.00 lower support level in the days ahead in its long-term perspective.USDJPY Medium-term Trend: Bullish (4H Chart)Analyzing the chart below, we can clearly see that the USDJPY pair is in a bullish market zone. The price currently trades above the EMA-9, indicating an uptrend.However, the Yen is about to encounter more dumps ahead as the market now trades in the overbought zone.The sustained bullish pressure at the $147.87 resistance level during the previous action actually made it possible for the buy investors to retain the strength in its recent high.Earlier today, the USDJPY sellers responded to the market and dropped the price to a low of $147.39 value above the EMA-50; this is an indication of more forces from the sell traders and bearish commitment. This would also provide sellers with a solid entry point. It\u2019s worth noting that the downward trajectory could face another barrier near the next support level at $141.07. A breakdown below this level could propel the USDJPY lower by 20%.Similarly, more dumps are ahead as the Yen price suggests a downtrend on the daily signal which is pointing downwards. This means that the buying pressure is not likely to continue. In light of this, sellers may likely touch the $125.00 lower support value in the days ahead in its medium-term outlook.Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}